33 equity transactions, averaging $40M – who got what, for what, from whom – what’s hot now? In Florida, Biofuels Digest reported that advanced biofuels and biomaterials companies raised $1.374 B in equity financing in the past 12 months, based on deal flow reported in the Digest’s daily newsletter and online news service. Overall, the […]
In Virginia, Dynamic Fuels and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation, one of the nation’s largest transporters of coal and industrial products. Norfolk Southern has primarily been using a 100% pure Dynamic Fuels renewable diesel at its Meridian, Mississippi rail yard since early January. Dynamic Fuels, […]
In New Jersey, Primus Green Energy plans to raise $50 million to $100 million to this year to take its wood pellets-to-drop-in gasoline demonstration plant, which should be online by year’s end, to commercial scale by 2015. The process was first developed by Princeton University by its co-founder in 2007 who originally raised $40 million […]
In Thailand, Bangchak Petroleum plans to invest $32.4 million each in 200,000 liter per day ethanol plants in Cambodia and Laos in order to supply the Asian market. The Asian Economic Community goes into effect in 2015. Domestic ethanol production in Thailand reached 509.6 million liters during 2011, an average of 1.7 million liters per […]
In Iowa, following ADM’s January announcement that it had terminated its joint venture with Mirel, ADM has laid off 43 employees at the bioplastic facility in Clinton. A total of 46 employees remain while ADM reaches a decision of what to do with the plant. 4-Traders quoted ADM’s Vice President and General Manager, Kevin Moore […]
Today on Twitter. GoogleVentures: How can biofuels impact global warming and poverty? CoolPlanet CEO, Mike Cheiky, shares his vision: Myuganda: My Uganda: Ethanol production in My Uganda – PART III WREbiofuels: We need to stay ahead on domestic, clean fuel RT @AGNBiofuels The State of Renewable Energies in Europe Sustainable: Learning from the Biofuels Boondoggle…
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.93 percent to 74.23 as Mission NewEnergy (MNEL) continued to be volatile. For the day, ADM recovered 0.71 percent to $30.15, while Syntroleum (SYNM) jumped 18.18 percent to $1.30. Among other equities, Mission New Energy (MNEL) dumped off 10.58 percent to close at […]
New reports from Bloomberg and the USDA focus on 2018 as a critical year for commercial-scale, affordable aviation fuels In New York, Bloomberg New Energy Finance said that jatropha-based fuels were the near-term candidate as sustainable aviation fuels available at prices competitive with conventional jet fuel. The BNEF research unit said that it expected jatropha-based […]
In Washington, the Obama Administration released its 2013 budget request. Highlights for bio-based industry include: Department of Agriculture “The Administration proposes over $200 million to continue support for the development of home- grown, advanced biofuels that have the potential to reduce America’s dependence on foreign oil and to bolster our rural economies. R&D The budgets […]
In California, in an amended version of its S-1 IPO registration filing, Genomatica pushed back the timeline for commencing commercial-scale production of renewable butanediol (BDO) from 2012 to 2013. In other highlights contained within the revision, filed yesterday with the SEC, the company wrote: ” In January 2012, we entered into an exclusivity agreement with […]
